MergerPlace

Full-Service Day Spa + Salon

South Dakota


  • Asking Price: $298,900
  • Gross Income: $707,320
  • Cash Flow: $113,424
  • Real Estate: Not Disclosed
  • Inventory: $35,000
  • FF&E: $125,000
  • Listing ID: #217681
  • Established: 1999
  • Employees: 11 FT / 3 PT

Business Description

This is a long-running, full-service Day Spa in a prime location. It has an extensive client base and draws high end clientele looking for a destination get away in the Midwest! The Company prides itself on catering to groups of people with multiple staff and rooms to accommodate bridal parties, family gatherings, girlfriend weekends, couples’ treatments and much more.


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: South Dakota

Company Information

Year Established: 1999
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 11 FT / 3 PT

Financial Information

Asking Price: $298,900
Gross Revenue: $707,320
Cash Flow: $113,424
FF&E: $125,000
Inventory: $35,000
Seller Financing Available: Yes

Property Information

Facilities:

Location is one of the keys to this business’ success. This first-class Day Spa is situated on a busy main street with ample parking and lot of pedestrian traffic, with much potential for growth in the area. It provides many spa options, with a very extensive menu of services, including a hair salon, massage, facials, manicure, pedicures, body treatments and more! This spa has nearly 5000 square feet and has locker rooms and steam rooms for amenities. You won't find a more all-in-one package for a Day Spa with all equipment and decor included, ready for you to walk in and go!

Growth & expansion opportunities:

Adding employees could increase revenue. The owner has acknowledged that their marketing efforts could be improved, such as direct marketing to the new high-end housing going in the area.

Competition:

There are only a couple other players in this industry and there is a good working relationship between. The Sioux Falls market is broad enough that there is no need to fight over customers or undercut margins to draw new clients.

Reason for selling:

Owner would like to retire.

Support & Training:

Will train for 2 weeks @ no cost Two salon and spa licenses and a beer/wine license are required. A new owner could increase their personal cash flow by providing services themselves in addition to the 14 employees. Salon services include massages, manicures, pedicures, body wraps, waxing, tanning and scrubs.

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Business Listed By:

Josh Wolters

Murphy Business Brokers